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but washington typically does, it focuses on some things rather than the disease. we need to avoid the fiscal cliff. we need to recognize reality. there is only so much that can be done the balance of this year. we need to do a credible down payment and build a bridge to a grand bargain which would involve more fundamental reforms that have to be achieved. but it controls. -- budget controls. we had but the controls until 2002. we had been out of control ever since. we have had democratic spending policies of republican tax policies which leads to large escalating debt. we are going to have to reform the social insurance programs. we have to reduce defense programs and other spending and the gate in a comprehensive tax reform. that takes time. it will have to of all -- involve extraordinary presidential leadership, which we have not had in a while. hopefully we will get that. it will involve some type of citizen engagement. the good news is i recently took a 27 state national fiscal responsibility bus tour round the country focusing on swing states. a representativ
but washington typically does, it focuses on some things rather than the disease. we need to avoid the fiscal cliff. we need to recognize reality. there is only so much that can be done the balance of this year. we need to do a credible down payment and build a bridge to a grand bargain which would involve more fundamental reforms that have to be achieved. but it controls. -- budget controls. we had but the controls until 2002. we had been out of control ever since. we have had democratic...
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good night from washington, d.c.. gretawire.com. the o'reilly factor is on from washington. tonight. >> the fight against foreign control of our european people around the world can only succeed if we free ourselves first. in the zionist. >> god said that the white race is a race of devils i didn't say this. i just believe it because of their actions. >> bill: hate speech in america we are naming names because we have had enough of this. >> i believe the nra is the new kkk. >> you are still calling it a holiday tree? not a christmas tree? >> that's correct. pluck building and i'm respectful of all the taxpayers that might not be christian. >> "newsweek" magazine says the good guys have finally won the war on christmas. that's not exactly true. the yes tonight why have some christian leaders silent when their faith is attacked. >> is that a joint mask looks like a quarter pounder. >> bill: now that marijuana is legal in washington and colorado, do you feel safer on the road? what about people who drug and drive in those states? >> am i driving okay? is it legal is investigati
good night from washington, d.c.. gretawire.com. the o'reilly factor is on from washington. tonight. >> the fight against foreign control of our european people around the world can only succeed if we free ourselves first. in the zionist. >> god said that the white race is a race of devils i didn't say this. i just believe it because of their actions. >> bill: hate speech in america we are naming names because we have had enough of this. >> i believe the nra is the new...
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good night from washington, d.c.. gretawire.com. the o'reilly factor is on from washington. tonight. >> the fight against foreign control of our european people around the world can only succeed if we free ourselves first. in the zionist. >> god said that the white race is a race of devils i didn't say this. i just believe it because of their actions. >> bill: hate speech in america we are naming names because we have had enough of this. >> i believe the nra is the new kkk. >> you are still calling it a holiday tree? not a christmas tree? >> that's correct. pluck building and i'm respectful of all the taxpayers that might not be christian. >> "newsweek" magazine says the good guys have finally won the war on christmas. that's not exactly true. the yes tonight why have some christian leaders silent when their faith is attacked. >> is that a joint mask looks like a quarter pounder. >> bill: now that marijuana is legal in washington and colorado, do you feel safer on the road? what about people who drug and drive in those states? >> am i driving okay? is it legal is investigati
good night from washington, d.c.. gretawire.com. the o'reilly factor is on from washington. tonight. >> the fight against foreign control of our european people around the world can only succeed if we free ourselves first. in the zionist. >> god said that the white race is a race of devils i didn't say this. i just believe it because of their actions. >> bill: hate speech in america we are naming names because we have had enough of this. >> i believe the nra is the new...
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power in syria now in washington i'm going to check on. there's been more deadly violence in syria with two blasts there primary school southeast of the capital killing at least one person and injuring five in a separate incident a person was wounded following two more explosions near a court building in damascus where foreign policy experts see the warning signs of america recognizing the rebel coalition pushing syria deeper into a crisis which will echo region wide what it does is that opens the door now for much more direct intervention in the civil war it will mean a heavy weapons will come in contention even i think you could end up with a no fly zone it's really pretty much an open declaration of war against the outside regime one of the things that i think is difficult is trying to get really accurate reporting it seems as if the our sort of regime is sort of its back against the wall and yet at the same time it doesn't seem as if the opposition could really hold on to territory i mean this could be a long running thing this could g
power in syria now in washington i'm going to check on. there's been more deadly violence in syria with two blasts there primary school southeast of the capital killing at least one person and injuring five in a separate incident a person was wounded following two more explosions near a court building in damascus where foreign policy experts see the warning signs of america recognizing the rebel coalition pushing syria deeper into a crisis which will echo region wide what it does is that opens...
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some press attention has been given more it seems in the last year or so here's an article from the washington post modern monetary theory an unconventional take on economic strategy and further in this off article it talks about deficit our walls and so not hawks or does but owls now where did this term come from well according to the article it was coined by stephanie calton a professor at the university of missouri at kansas city who with another gentleman talked about in the article is part of a small group of economists who have concluded that everyone members of congress think tank denizens the entire mainstream of the economics profession has misunderstood how the government interacts with the economy if their theory dubbed modern monetary theory or and then t. is right then everything we thought we knew about the budget taxes and the federal reserve is wrong so here to really discuss what m. and t. is and what its advocating is stephanie calton her self so first of all thank you so much for being on the show professor cults and we're very excited to get into a discussion about m.m.t. b
some press attention has been given more it seems in the last year or so here's an article from the washington post modern monetary theory an unconventional take on economic strategy and further in this off article it talks about deficit our walls and so not hawks or does but owls now where did this term come from well according to the article it was coined by stephanie calton a professor at the university of missouri at kansas city who with another gentleman talked about in the article is part...
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good afternoon welcome to capital account i'm more in the store here in washington d.c. these are headlines for tuesday december eleventh two thousand and twelve when talking about fiscal cliff solutions anti-tax advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. income is not strong there the argument to raise tax. says now it is not only better than it was two years ago. but does the government need to tax and borrow in order to spend or is the government actually less constrained in its spending than believed and do budget deficits matter much less right now than we may think well stephanie calton chair of the economics department at university of missouri kansas city and a subscriber of modern monetary theory is here to talk about just that plus the senate is reportedly looking at extending a two thousand and eight at the i.c.c. financial crisis measure that guarantees one hundred percent of all checking account bank deposits now the c b o estimates the f.d.a. as the does
good afternoon welcome to capital account i'm more in the store here in washington d.c. these are headlines for tuesday december eleventh two thousand and twelve when talking about fiscal cliff solutions anti-tax advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. income is not strong there the argument to raise tax. says now it is not only better than it was two years ago. but does the government...
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it's tuesday december eleventh eight pm here in washington d.c. i'm liz wall and you're watching r.t.e. . we begin today with a report that could shed some light on the dark practice of torture and this week the senate intelligence committee is said to vote on a report that details the use of enhanced interrogation techniques under the bush administration now this includes everything from stress positions to waterboarding much of it said to have happened at the guantanamo bay prison the roughly six thousand page report has been in the works for three years now the senate is finally voting to approve it but according to senator dianne feinstein who has the committee of the public may never see it for more on what's in the report i was joined earlier from capitol hill by r t political correspondent christine. one of the central goals of the reported to find out the extent to which these so-called enhanced interrogation techniques led to valuable information led these intelligence officers officers to information that in turn led them to terrorists a
it's tuesday december eleventh eight pm here in washington d.c. i'm liz wall and you're watching r.t.e. . we begin today with a report that could shed some light on the dark practice of torture and this week the senate intelligence committee is said to vote on a report that details the use of enhanced interrogation techniques under the bush administration now this includes everything from stress positions to waterboarding much of it said to have happened at the guantanamo bay prison the roughly...
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for the most part, washington wastes it. tracy: no joke. senator barrasso, thank you for taking the time to be with us, sir. >> thank you, trcy. tracy: ain't that the truth? all right? we have a lot more still to come this hour including a new report on the success of both the boehner and the obama fiscal cliff plan. hint hint, neither are successful. now, does the speaker of the houshave the file behind him in the deal making progress? are some lawmakers breaking away from theeader? congressman tim gives us the scoop next. we'll be back. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm uppin
for the most part, washington wastes it. tracy: no joke. senator barrasso, thank you for taking the time to be with us, sir. >> thank you, trcy. tracy: ain't that the truth? all right? we have a lot more still to come this hour including a new report on the success of both the boehner and the obama fiscal cliff plan. hint hint, neither are successful. now, does the speaker of the houshave the file behind him in the deal making progress? are some lawmakers breaking away from theeader?...
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you can see that investors want to rise above washington. but this morning rally, the averages got pulled down when harry reid said there probably won't be a deal in time for christmas. who's calling the tune? the nasdaq climbing 1.8%. apple rallied eleven and change. i hope this mini rally is happening because people have looked over the fiscal cliff and they weren't terrified by what they saw. i hope we will get by. i hope they don't mind government intervention in their portfolios. because they are not going away. i hope that because what i heard in washington today were two sides even though i can tell them that a deal would be done and there would be no vacation without legislation, we'd be in much better shape. i have to tell you, as encouraging as the market was this morning, the situation in washington is as discouraging. one after another i started with a new tack. i said let's go there. i said i totally agree the issue of spending not revenues. tell us what you have done to get spending done. did they give this fellow traveler some
you can see that investors want to rise above washington. but this morning rally, the averages got pulled down when harry reid said there probably won't be a deal in time for christmas. who's calling the tune? the nasdaq climbing 1.8%. apple rallied eleven and change. i hope this mini rally is happening because people have looked over the fiscal cliff and they weren't terrified by what they saw. i hope we will get by. i hope they don't mind government intervention in their portfolios. because...
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washington called the launch highly provocative on japan the once a tough response from the u.n. security council but antiwar campaign eric surat can pressuring pyongyang won't help but only talks can work. these are causes to have more talks not less talks and the north koreans have been willing to attend talks other nations have certainly russia has and other nations are that have been involved in the six party talks japan south korea the united states are less willing to engage in talks when these things happen but what the u.n. said was not only don't use ballistic missile technology it said we must have a commitment to a peaceful diplomatic and political solution to the situation there i'm afraid that the united states is going to step back talk less isolate more the military base that the united states brought merrily south korea's building on jesuit island in an effort to create a ring around china perhaps so to deal with north korea are all setbacks to peace what's necessary i think at this point in time is not is to step back from the process and the outside countries th
washington called the launch highly provocative on japan the once a tough response from the u.n. security council but antiwar campaign eric surat can pressuring pyongyang won't help but only talks can work. these are causes to have more talks not less talks and the north koreans have been willing to attend talks other nations have certainly russia has and other nations are that have been involved in the six party talks japan south korea the united states are less willing to engage in talks when...
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relations are strained to political infighting in washington. i believe that it will be very difficult to come back to their recess out because as inherited from himself from his previous time in. a divided congress it still has a lot of so-called whole. will be quite aggressive and will be quite up in the opposition towards russia in its initiatives and we have seen that recently a witness said during the so-called make me act it was passed by the congress and the president will have no other option is to side it into action. so with this new move and the russia promise to retaliate adequately i don't think that we can go to business as usual and we will see that the next four years of obama storm will be filled with tensions between russia and the united states. moving on now a top western the bard conference on syria meets on wednesday to boost support for the country's new opposition alliance the national coalition that comes after washington formally recognize them as the legitimate representative of the syrian people but as i see it again
relations are strained to political infighting in washington. i believe that it will be very difficult to come back to their recess out because as inherited from himself from his previous time in. a divided congress it still has a lot of so-called whole. will be quite aggressive and will be quite up in the opposition towards russia in its initiatives and we have seen that recently a witness said during the so-called make me act it was passed by the congress and the president will have no other...
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muslim brotherhood style government that is absolutely intolerant fundamentally hostile to the west washington has failed to officially denounce the many suicide bombings perpetrated by the rebels in syria preferring to. focus on the wrongs committed by the assad regime alone the u.s. is also ramping up the rhetoric about the possibility of the assad government using chemical weapons against civilians something that damascus says would be suicidal on the other hand many rebels are not averse to the idea of suicide in the name of what they call holy war militants have recently taken control of a toxic chemical plant in the country's second city of aleppo a video was uploaded to youtube showing them testing chemical weapons on rabbits we could not independently verify the authenticity of the footage there of you will die like these do rabbits despite supporting the anti assad forces the obama administration also recognizes that there are radical groups among the opposition in an attempt to distance themselves from extremists washington has designated one almost a terrorist organization it is tho
muslim brotherhood style government that is absolutely intolerant fundamentally hostile to the west washington has failed to officially denounce the many suicide bombings perpetrated by the rebels in syria preferring to. focus on the wrongs committed by the assad regime alone the u.s. is also ramping up the rhetoric about the possibility of the assad government using chemical weapons against civilians something that damascus says would be suicidal on the other hand many rebels are not averse to...
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the development of the relations between moscow and washington neither washington is one for the eighty missile defense system in europe which are still considered by moscow as a potential threat to russia's national security so these are the basic points and issues which are which the brotherhood expected to talk about but of course find out more one of the address happens that's going to be around moscow time with the . g m g. listening to this stage of the nation address together with the boer and about this time thank you very much. but it's still isn't it some advantage says russia you asked for trained due to political infighting in washington. i believe that it will be very difficult to come back to their recess out because as inherited from himself from his previous time in. a divided congress it still has a lot of so-called hawks. will be quite aggressive and will be quite up in the opposition towards russia in its initiatives and we have seen that recently witness said during the so-called magnitsky act it was passed by the congress and the president will have no other option
the development of the relations between moscow and washington neither washington is one for the eighty missile defense system in europe which are still considered by moscow as a potential threat to russia's national security so these are the basic points and issues which are which the brotherhood expected to talk about but of course find out more one of the address happens that's going to be around moscow time with the . g m g. listening to this stage of the nation address together with the...
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tracy: washington is bracing itself for the full implementtation of dodd-frank. but will dodd-frank prevent another financial meltdown, let's ask bart chilton. i know you are testifying tomorrow to report on how it is going with the implementation of dodd-frank how is it going? >> slow but sure, we have not made as much progress as law required. about 400 rules in the government we've done within 35, we'r135, we'reslow but floodingd the right balance, and get things right, and don't cause a market migration to to other country, and don't create a devastating havoc on financial firms or markets. tracy: we've seen before with sarbanes-oxley, it became arduous. that can't happen again. >> the systemic risk, the risk to all of us, some people call it, too big to fail. that is the problem in 2008, we lost 9 million jobs, and people lost their homes, that is what we're trying to resolve. tracy: with 400 new rules, do you really think you will prevent another -- if we have -- another financial crisis, there are people out there that are starter than all of us, figuring
tracy: washington is bracing itself for the full implementtation of dodd-frank. but will dodd-frank prevent another financial meltdown, let's ask bart chilton. i know you are testifying tomorrow to report on how it is going with the implementation of dodd-frank how is it going? >> slow but sure, we have not made as much progress as law required. about 400 rules in the government we've done within 35, we'r135, we'reslow but floodingd the right balance, and get things right, and don't cause...
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some smart things that are economic policy and i share your distrust of what you're observing there in washington i mean you know they were in this reputation quite frankly and so it is difficult to imagine the the group that we see year after year out on the hill getting together and doing the right thing but this is part of why i think m.m.t. is so important because it empowers people once the people realize that the government has the capacity to do this and that they don't need to be calling on us to share in some sacrifice i'm tired of hearing shared sacrifice every time i turn on the t.v. i'm tired of listening to the president tell us that we need some pain this is going to be painful but we've got to impose this pain on the on the people in the ana me it's empowering for the people to know that that isn't the case that the government is after start. doing austerity now and i just want to get in a real quick because i don't really have much time left i only have a minute i do want to ask you if there's any economy currently where you see an empty philosophy being implemented what is the be
some smart things that are economic policy and i share your distrust of what you're observing there in washington i mean you know they were in this reputation quite frankly and so it is difficult to imagine the the group that we see year after year out on the hill getting together and doing the right thing but this is part of why i think m.m.t. is so important because it empowers people once the people realize that the government has the capacity to do this and that they don't need to be...
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here moscow time just as the us recognize the syria's opposition the head of the coalition says washington shouldn't label any group fighting the assad regime as terrorists. syrian rebels are criticizing washington for designating one of their most ruthless and efficient groups in the fight against a terrorist organization war coming up. also the headlines this hour north korea's rocket blasts off a message of defiance go young says it sets a weather satellite in space but it's enough to one nerve the region. and president putin vows to cage the corruption says it's time for russians to seize the initiative in the country's development. over good evening chief you just joined us here at the new center tonight and first syria's main opposition group says the u.s. should reconsider its decision to add an al qaeda linked group to its list of terrorist organizations saying it's helping them in their fight to topple president bashar al assad this is the united states becomes the latest country to openly declare its support for the opposition coalition has kept speed on this kind of future cans
here moscow time just as the us recognize the syria's opposition the head of the coalition says washington shouldn't label any group fighting the assad regime as terrorists. syrian rebels are criticizing washington for designating one of their most ruthless and efficient groups in the fight against a terrorist organization war coming up. also the headlines this hour north korea's rocket blasts off a message of defiance go young says it sets a weather satellite in space but it's enough to one...
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it's nine pm moscow time the main news tonight the syrian opposition says washington shouldn't label any group fighting the assad regime is a terrorist that has a massive blast rocks damascus. but there is no word from america on changing its definition says there has been overwhelming evidence terrorists by a long sight the rebels more details coming up. the other big stories of the day north korea's rocket blast so often a message of defiance gone young says it sent a weather satellite into space but it's enough to unnerve the region. and president putin vows to cage the corrupt and says it's time for russians to seize the initiative in their country's development. in a very good evening to if you just joined us money kevin i mean this is our first syria's main opposition group says the u.s. should reconsider its decision to add an al qaeda linked group to its list of terrorist organizations saying it's helping them in their fight to topple president bashar assad this is the united states becomes the latest country to openly declared support for the opposition coalition meantime th
it's nine pm moscow time the main news tonight the syrian opposition says washington shouldn't label any group fighting the assad regime is a terrorist that has a massive blast rocks damascus. but there is no word from america on changing its definition says there has been overwhelming evidence terrorists by a long sight the rebels more details coming up. the other big stories of the day north korea's rocket blast so often a message of defiance gone young says it sent a weather satellite into...
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national priorities and investing accordingly in a perfect world i understand that but sitting here in washington and watching the way that policy is actually made especially recently it's hard for me to have faith that that will happen soon or that that can ever happen so in that situation don't you have government investment in stimulus benefiting only certain industries and perhaps not others and in this situation what allows for creative destruction of the sort that allows for innovation and allows for a dynamic changing economy in a situation where the government is full employment. ok well i mean first the question about stimulus benefiting only certain industries or only certain people to some extent there there is some of that right i mean of course you can pick some winners and losers but when you include things like a payroll tax reduction i mean clearly that's affecting everybody who is working and paying into social security so those benefits are spread across the bass majority of the working population and that's form stimulus as. for your part of that i beat that we have the payroll
national priorities and investing accordingly in a perfect world i understand that but sitting here in washington and watching the way that policy is actually made especially recently it's hard for me to have faith that that will happen soon or that that can ever happen so in that situation don't you have government investment in stimulus benefiting only certain industries and perhaps not others and in this situation what allows for creative destruction of the sort that allows for innovation...
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at midnight moscow time the syrian opposition says washington shouldn't label any group fighting the assad regime this terrorist that there's a massive blast rocks damascus. but does washington really care that the opposition they support is endorsing terrorists more details coming up. north korea's rocket blasts off a message of defiance pyongyang says it sent a weather satellite into space but it's enough to unnerve the region. and president putin bows to cage the corrupt and says it's time for the russians to seize the initiative in the country's development. a lot of good morning see if you just joined us money kevin owen here in moscow this morning syria's main opposition coalition says the u.s. should reconsider its decision to out a leading rebel group to its terrorist list meanwhile several explosions struck outside the interior ministry building in damascus killing at least eleven of the u.s. became the latest country to endorse the opposition alliance the latest and from artie's garniture she can. it's clear that washington is trying to distance itself from extremists in sy
at midnight moscow time the syrian opposition says washington shouldn't label any group fighting the assad regime this terrorist that there's a massive blast rocks damascus. but does washington really care that the opposition they support is endorsing terrorists more details coming up. north korea's rocket blasts off a message of defiance pyongyang says it sent a weather satellite into space but it's enough to unnerve the region. and president putin bows to cage the corrupt and says it's time...
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"washington journal" is live every day at 7:00 a.m. eastern. >> the white house was very controversial, as most things in america were. the man who designed washington city -- there was competition. he submitted a design for a palace. americans were not having a palace. it was not particularly odd inspiring. in fact, in 1821, a european diplomat told the congress it was neither large nor on inspiring. -- awe-inspiring. the congressman answered, the building served its purpose. if it were larger and more elegant, perhaps some president would be inclined to become its permanent resident. >> a former new york times book critic has gathered a few of her favorite white house photos. what sunday evening, at 7:30 eastern and pacific, on american history tv. >> the american enterprise institute heard from the incoming and outgoing chairman of the republican study committee today. they talked about what they would like to see in a tax and budget deal, and what is ahead for house republicans in the next congress. this is 50 minutes. >> i am deli
"washington journal" is live every day at 7:00 a.m. eastern. >> the white house was very controversial, as most things in america were. the man who designed washington city -- there was competition. he submitted a design for a palace. americans were not having a palace. it was not particularly odd inspiring. in fact, in 1821, a european diplomat told the congress it was neither large nor on inspiring. -- awe-inspiring. the congressman answered, the building served its purpose....
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top stories tonight from r t the syrian opposition says washington shouldn't label any group fighting the assad regime is a terrorist that says a massive blast rocks damascus but does washington really care that the opposition they support is endorsing terrorists more details coming up. north korea's rocket blast soffit a message of defiance from young says it sent a weather satellite into space but it's enough to unnerve the region. and president putin vows to cage the corrupt and says it's time for russians to seize the initiative in their countries develop. their one is kevin zero in syria's main opposition coalition says the u.s. should reconsider his decision to are the leading rebel group to its terrorist list meanwhile several explosions struck outside the interior ministry building in damascus killing at least seven earlier the u.s. become the latest country to endorse the opposition alliance the latest smarties going to church you can. washington is trying to distance itself from extremists in syria they have designated the front carrousel can ization it's a sock to be one of
top stories tonight from r t the syrian opposition says washington shouldn't label any group fighting the assad regime is a terrorist that says a massive blast rocks damascus but does washington really care that the opposition they support is endorsing terrorists more details coming up. north korea's rocket blast soffit a message of defiance from young says it sent a weather satellite into space but it's enough to unnerve the region. and president putin vows to cage the corrupt and says it's...
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one of the more powerful figures here in washington, he will have a big role in deciding whether we do get that that brink or not. marco rubio, worried about the same thing, that is measure would be a job killer, is a bad deal actually better than no deal? markio ruscho said when -- marco rubio said when it comes to the jobs at stake no way. >> and that means 200,000 jobs will be destroyed. for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seenith nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditionsay still exist. talk to your doctor about nexium. neil: it comes down to the rich paying more. the question is how much more. don't let anyone fool you, taxes are going up on the upper income, but the question is how much. marco rubio said when you go after the rich, you might as well go after everyone. >> first of all, what president said it does is not what it does, he is not shooting trait on what his proposal does. a group came ou
one of the more powerful figures here in washington, he will have a big role in deciding whether we do get that that brink or not. marco rubio, worried about the same thing, that is measure would be a job killer, is a bad deal actually better than no deal? markio ruscho said when -- marco rubio said when it comes to the jobs at stake no way. >> and that means 200,000 jobs will be destroyed. for many, nexium helps relieve heartburn symptoms caused by acid reflux disease....
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he's not willing to check the heart at washington's door. all right. come on, this show's about making money, cramer. not a cardiology exam versus ben bernanke and the president and congress. it's the most valuable thing you can do to keep the bull market from running out of steam. as part of a long term analysis of the stock market that i've been working on pretty much every night knight at home, if needed to know one number, one piece of data to predict the market you would choose the unemployment rate. when the unemployment rate is going lower and jobs are being created, the positive signs. the congress of course is true, too. now, the problem at the moment isn't with the fed it's with the executive branch and the legislature. the presidential intransigence as well as no new tax pledge to grover norquist, republicans won't miss tax hikes to make a deal. the president is nothing serious when it comes to spending at all. nothing! so it looks like the cliff jumps ahead of us after my trip to washington. that was a tough day. had to take a couple shower
he's not willing to check the heart at washington's door. all right. come on, this show's about making money, cramer. not a cardiology exam versus ben bernanke and the president and congress. it's the most valuable thing you can do to keep the bull market from running out of steam. as part of a long term analysis of the stock market that i've been working on pretty much every night knight at home, if needed to know one number, one piece of data to predict the market you would choose the...
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all of washington called the highly provocative well japan once a tough response from the u.n. security council on north korea expert professor really different joins us now from vienna university thank you for joining us here on r.t. today how effective would fresh sanctions on north korea be do you think given that such measures in two thousand and six and nine haven't really succeeded in making any any making it stop what its rocket launches obsessions or. means to show your political dissatisfaction but in terms of being effective almost useless in terms of north korea sanctions of the deployed for decades north korea had enough time to find ways around those sanctions though humanitarian concerns. the allies the tried and so i think sanctions have more or less a symbolical function but they will have very little actual effects on north korea well north korea is banned isn't it from conducting ballistic missile tests by the un and even its ally china criticised today's not so why is it so defiant against the international community both think it's easy to understand why for
all of washington called the highly provocative well japan once a tough response from the u.n. security council on north korea expert professor really different joins us now from vienna university thank you for joining us here on r.t. today how effective would fresh sanctions on north korea be do you think given that such measures in two thousand and six and nine haven't really succeeded in making any any making it stop what its rocket launches obsessions or. means to show your political...
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washington journal continues. host: our series on the fiscal cliff continues this morning with a dive into social security. here to talk about the program and how it is involved in the discussions, the negotiations over america's financial future, is stephen ohlemacher, joining us from the associated press, where he is a reporter. hohow much social security to people get? guest: >> 66 million people. the average benefit is a little over $12,000 -- a little over $1,200 a month. maybe $13,000 a year or so. host: we are talking about retirees and the disabled. guest: a fairly wide group of people receive social security benefits. retired workers, spouses, children, disabled workers, widows, woodward's. -- widowers. a big safety net of people. host: retirees receive about $1,200 a month on average. the benefits for the disabled, $1,100 a month on average. how does social security get financed? guest: it has been a self-funded program since its inception. it is funded by payroll taxes. there's a 12.4% tax on wages up t
washington journal continues. host: our series on the fiscal cliff continues this morning with a dive into social security. here to talk about the program and how it is involved in the discussions, the negotiations over america's financial future, is stephen ohlemacher, joining us from the associated press, where he is a reporter. hohow much social security to people get? guest: >> 66 million people. the average benefit is a little over $12,000 -- a little over $1,200 a month. maybe...
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joining me in from washington, kelly o'donnell. let's talk about why the conversation last night fell apart with the president and the speaker. this issue of extending the tax cuts for the wealthy. speaker boehner said that was not a part of his proposal. >> one of the things we have been observing is the president and speaker have been trying to lockdown as much as possible the secrecy or privacy may be a better word of their conversations to get to an eventual deal if they can get there. by that i mean there fewer staffers involve and member who is would typically have standing to be included in these negotiations. it's such a tight focus of the president and the speaker. characterizing the nature of the phone calls is keeping the public aspect moving forward. it allows the president to have public events. we have seen him meet with business leaders and mayors and be able to make his argument to the american people. republicans had a harder time of that because they are not in the same position to hold the public events. speaker
joining me in from washington, kelly o'donnell. let's talk about why the conversation last night fell apart with the president and the speaker. this issue of extending the tax cuts for the wealthy. speaker boehner said that was not a part of his proposal. >> one of the things we have been observing is the president and speaker have been trying to lockdown as much as possible the secrecy or privacy may be a better word of their conversations to get to an eventual deal if they can get...
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one side story of this at least in washington is the majority leader. cantor has been not as front and center in the negotiations at all. is he waiting in the wings to help things out, waiting in the wings to be there if speaker boehner falls? that is an intrigue here. speaker boehner is committed to doing this. if it costs him his speakership at some point my guess is so be it. >> chris: really? that is interesting. >> it's not his preferred course but he has been in washington a long time. he sees how real the problem is. >> chris: fox news has a new poll out. interesting results. put them up on the screenm when people are asked what is the best way to deal with the deficit, 69% say not surprisingly raise taxes on the wealthy. that doesn't affect them. 65% say cut government workers. 56% call for changes to social security. 51% raise the eligibility age for medicare. a lot of support for the tough measures here. and when it comes to entitlement reforms 46% favor major cuts even if it will hurt. be tough on people. including 59% of republicans while 40
one side story of this at least in washington is the majority leader. cantor has been not as front and center in the negotiations at all. is he waiting in the wings to help things out, waiting in the wings to be there if speaker boehner falls? that is an intrigue here. speaker boehner is committed to doing this. if it costs him his speakership at some point my guess is so be it. >> chris: really? that is interesting. >> it's not his preferred course but he has been in washington a...
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that's about one week of spending in washington, d.c. the problem is we've got 51 weeks of over-spending. we can talk about raising taxes, but we've got to you grow the economy. if you raise taxes on small businesses, you raise taxes on farmers and ranchers in my district, that's going to cripple small businesses. i'm not worried about ge. they've got a seat at the table at the white house. i'm worried about the small guy that's going to get hammered that don't have a lesion of tax attorneys. so i believe we need a fundamental tax reform. i thif the president agrees with that, as well. >> if you're worried about the debt, and i think we have to deal with the debt, according to the congressional budget office, you'd pick up $950 billion over 10 years by just letting the tax cuts for the rich or those making over 250 a year go for 10 years, you have 9$950 billion covered right there. that's a huge step towards the deficit. >> when you have a trillion dollars of excess spending in one year, what are we going to do for the other nine years?
that's about one week of spending in washington, d.c. the problem is we've got 51 weeks of over-spending. we can talk about raising taxes, but we've got to you grow the economy. if you raise taxes on small businesses, you raise taxes on farmers and ranchers in my district, that's going to cripple small businesses. i'm not worried about ge. they've got a seat at the table at the white house. i'm worried about the small guy that's going to get hammered that don't have a lesion of tax attorneys....
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plus, both colorado and washington state voters have okayed marijuana. we talk with one company already profiting from medical marijuana products. >> tom: the college football bowl season is a lesson in supply and demand economics, showing how the market economy works for the same seat in the same stadium for two different games. here's rick horrow with tonight's "beyond the scoreboard." >> reporter: they're two of the biggest games of the college football season, but despite being played in the same stadium just six nights apart, interest in the discover orange bowl and the b.c.s. national championship game couldn't be more different. the average ticket price for the title game between traditional powers alabama and notre dame is a whopping $2,400, which is more expensive than two of the last three super bowls. the game likely will be the most-watched event in cable tv history, with more than 30 million people expected to tune in. both alabama and notre dame will pocket $22 million for the appearance. for the orange bowl, florida state and northern illi
plus, both colorado and washington state voters have okayed marijuana. we talk with one company already profiting from medical marijuana products. >> tom: the college football bowl season is a lesson in supply and demand economics, showing how the market economy works for the same seat in the same stadium for two different games. here's rick horrow with tonight's "beyond the scoreboard." >> reporter: they're two of the biggest games of the college football season, but...
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we spend too much in washington. we at the reform and time programs to save and protect social security. those are the area of the budget that have to be restructured. perhaps even more important -- where is the president? he is out on the campaign trail. every day we are a little bit closer to the fiscal cliff. every day republicans are here, speaker boehner is here, leader mcconnell is here. ready for business, ready to do something that will avoid what everybody agrees would be a disaster and yet the president seems to be content with traveling of around the country, doing a victory lap or something when he should be here sitting across the table from the people who can help us avoid a bad situation for our country economically. mr. president, you said it. we agree with that. now let's get to work and try to fix it. >> for people who spent a lifetime building a small business, small communities have a florist or a cleaners, those businesses will be impacted. many of them will not be able to continue to hold that b
we spend too much in washington. we at the reform and time programs to save and protect social security. those are the area of the budget that have to be restructured. perhaps even more important -- where is the president? he is out on the campaign trail. every day we are a little bit closer to the fiscal cliff. every day republicans are here, speaker boehner is here, leader mcconnell is here. ready for business, ready to do something that will avoid what everybody agrees would be a disaster...
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i look at washington. i look at california. i look at the 40% of the people who call themselves independents. i look at the constant attacks by people against this nasty partisanship. you know, so i think congress got down to 13% approval, which only proves there's 13% who are not paying attention." if everybody was just happy with what's happening, i would say, "we have really lost, you know, control of our system." but the thing that does concern me, bill, is to have this kind of a system of democracy, you need to have a citizenship, you know, that is capable of operating in this kind of a democracy. so, we need to do a better job of teaching civics. we need to do a better job of teaching critical thinking. you know, we need to do -- we need to have more citizens who engage, show up in the primaries, show up in the elections. we can start by fixing the political system. >> i would say that one way to start is to read, "the parties versus the people: how to turn republicans and democrats into americans." mickey edwards, thank
i look at washington. i look at california. i look at the 40% of the people who call themselves independents. i look at the constant attacks by people against this nasty partisanship. you know, so i think congress got down to 13% approval, which only proves there's 13% who are not paying attention." if everybody was just happy with what's happening, i would say, "we have really lost, you know, control of our system." but the thing that does concern me, bill, is to have this kind...
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wells fargo advisors. >>> now to the other news in washington today. just 19 days until the fiscal cliff deadline, and it still doesn't appear like we are making much progress. aemon javers with the latest. >> reporter: not making much progress. dualing press conferences, one group brought out a group of adoring children and the other group brought out santa claus. not a lot of action. jamie dimon was on our air earlier today on cnbc and says the economy is poised to take off if we get a deal here. take a listen. >> the table is set very well right now. corporations, middle market companies, small business in good shape. 5 million more people than working than four years ago, housing has turned the corner. let's just keep it going. >> reporter: bill, when is that economy going to take off? house republican aides talking about the possibility of actually being in session on christmas day? that's not a likelihood, but the fact that they are even talking about it gives you a sense that we're not anywhere close to a deal just now, bill. >> all right. thank
wells fargo advisors. >>> now to the other news in washington today. just 19 days until the fiscal cliff deadline, and it still doesn't appear like we are making much progress. aemon javers with the latest. >> reporter: not making much progress. dualing press conferences, one group brought out a group of adoring children and the other group brought out santa claus. not a lot of action. jamie dimon was on our air earlier today on cnbc and says the economy is poised to take off if...
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susan mcginnis in washington. thank you so much. >>> today in morocco, they opened a meeting to discuss the syrian crisis. they're expecting to give them null political recognition during that same interview set to air on friday night on "20/20," president obama says it's a big move. >> the syrian opposition coalition is now inclusive enough, is reflective and representative enough of the syrian population that we consider them the legitimate representative of the syrian people. >> the president also told abc's barbara walters that with that recognition comes responsibility. clarissa ward has more on the opposition now from london. >> reporter: this is the man chosen to lead a newly formed coalition of syria's opposition groups. >> what does it mean to be recognized by the u.s.? the u.s. administration has big influence globally he told us. a step like that would pull the rug from under the regime on all levels, politically, economically, and militarily. the damascus foreign cleric has long been opposed to the gov
susan mcginnis in washington. thank you so much. >>> today in morocco, they opened a meeting to discuss the syrian crisis. they're expecting to give them null political recognition during that same interview set to air on friday night on "20/20," president obama says it's a big move. >> the syrian opposition coalition is now inclusive enough, is reflective and representative enough of the syrian population that we consider them the legitimate representative of the...
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a flood, but the problem is right, that we got now -- we now potentially have an administration in washington that cares about keeping manufacturing jobs in the united states. but prior to that under the bush administration, and the hands off posture the u.s. has taken, there is no way we're going to be able to keep those good-paying middle class jobs in america. you need to have an active government to enable us to do that. >> yes, we lost all of those years. you had the unfortunate job of being the governor of michigan while george w. bush was president. but the bush plan was part and parcel to what we're seeing now. and actually before bush it happened to the governor before you who was there for -- i don't know how long? 12 years? >> jennifer: yeah. >> but this really started with ronald reagan, when he fired the air traffic controllers. and maybe we can talk about this in the next segment, because i would like to offer some constructive criticism of what we need to do now. >> jennifer: yes, i totally want to do that. but i just want to ask you a question, though, because i know you said
a flood, but the problem is right, that we got now -- we now potentially have an administration in washington that cares about keeping manufacturing jobs in the united states. but prior to that under the bush administration, and the hands off posture the u.s. has taken, there is no way we're going to be able to keep those good-paying middle class jobs in america. you need to have an active government to enable us to do that. >> yes, we lost all of those years. you had the unfortunate job...
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in a hearing in washington today national transportation safety board said the crossing guard arm was down and warning lights were flashing and plenty of time for the driver to stop. they are not sure why he didn't act sooner. if brakes had been properly maintained and applied a second and a half earlier they say this accident could have been avoided. >> british bank hsbc will pay a $1.9 kbrinl fine following a money laundering probe. authorities accused bank of laundering for drug traffickers in america america. hsbc intentionally allowed illegal transactions to countries such as iran, libya ask sudan. the penalty not just financial. to continue doing business in the united states, the bank must make reforms. >> requiring to implement reforms that we expect to be the model in the financial industry. >> hsbc chief executive says he's sorry for past mist yikz a new scholarship fund established at uc berkeley will offer financial aid to undocumented students. the first of its kind in the nation not without controversy. abc 7 news is here now with the story. >> right. other universities
in a hearing in washington today national transportation safety board said the crossing guard arm was down and warning lights were flashing and plenty of time for the driver to stop. they are not sure why he didn't act sooner. if brakes had been properly maintained and applied a second and a half earlier they say this accident could have been avoided. >> british bank hsbc will pay a $1.9 kbrinl fine following a money laundering probe. authorities accused bank of laundering for drug...
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what we saw yesterday was fancy accounting by washington officials. we don't have serious spending cuts. even for argument's sake, if we gave the president all of the tax increases that he wanted, putting that all out there, we're still looking at a trillion dollar deficit each year. we have to have serious spending cuts and that has to go hand in hand if he wants to look at there are other ways to put revenues on the table, capping deductions, closing loopholes. those are ways we can put revenue on the table but we have to have, as they said all along, a balanced approach. i'm with joy, i hope there's more progress going on behind the scenes than publicly, because we need to get this resolved. >> ari, the white house also reportedly threw in these spending cuts from $400 billion to $600 billion. also just as well as this promise to achieve corporate tax reform. i want to give everybody the speaker's response yesterday and then press secretary jake carney's responsibe. >> where are the president's spending cuts? the longer the white house slow walks t
what we saw yesterday was fancy accounting by washington officials. we don't have serious spending cuts. even for argument's sake, if we gave the president all of the tax increases that he wanted, putting that all out there, we're still looking at a trillion dollar deficit each year. we have to have serious spending cuts and that has to go hand in hand if he wants to look at there are other ways to put revenues on the table, capping deductions, closing loopholes. those are ways we can put...
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stocks closing higher in washington. as for your bloomberg skamy index, it closed higher as well. finally expect to see changes to your yahoo e mail. attracts more mobile users first major product unveiling since the eeo took over this year. >> thank you. >> some big changes today weather wise. it's a remarkable shift three locations for thex'6 day. here is a live view from our mount tam camera looking over clouds in the atmosphere, low breaks of sun here and there. we won't be seeing sunshine very longsvñaj. we don't see rainfall in the bay area just yet. it's just hours away and north at the moment. up around eureka there is quite a bit of rainfall. and towards mendocino county probably reaching into northern most parts of sonoma county. we're going to get wet weather tonight. reading as into low to mid-50s in the bay area. and 55 across the bay in oakland. these forecast features rain arriving this evening, tapering off to scattered showers, then, we'll have frosty mornings falling thursday and friday. cold air is coming in behind the frontal system. we'll start at 7:00 this
stocks closing higher in washington. as for your bloomberg skamy index, it closed higher as well. finally expect to see changes to your yahoo e mail. attracts more mobile users first major product unveiling since the eeo took over this year. >> thank you. >> some big changes today weather wise. it's a remarkable shift three locations for thex'6 day. here is a live view from our mount tam camera looking over clouds in the atmosphere, low breaks of sun here and there. we won't be...
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captioning sponsored by cbs this is the "cbs evening news" with scott pelley reporting tonight from washington. >> pelley: good evening. as bank slogans go they don't come any worse than this: the preferred financial institution of drug cartels and money launders. that is a quote today in a u.s. department of justice report about h.s.b.c. holdings, one of the largest banks in the world. to avoid criminal prosecution, h.s.b.c. admitted today that it laundered more than $800 million for mexican drug cartels and covered up illegal transactions for burma, iran, sudan, cuba, and libya. those nations were under banking sanctions because of human rights atrocities, terrorism, or, in iran's case, a nuclear program. the british bank will pay $1.9 billion to the u.s. government, the largest such fine in history. senior correspondent john miller is in new york following the story for us tonight. john? >> reporter: scott, it's a case that has everything: everything except an arrest. and that struck some as odd because in an 80-page document of court papers, the bank admits to almost going out of its way t
captioning sponsored by cbs this is the "cbs evening news" with scott pelley reporting tonight from washington. >> pelley: good evening. as bank slogans go they don't come any worse than this: the preferred financial institution of drug cartels and money launders. that is a quote today in a u.s. department of justice report about h.s.b.c. holdings, one of the largest banks in the world. to avoid criminal prosecution, h.s.b.c. admitted today that it laundered more than $800...